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Your results are here!! for" PNB Baghban – Scheme for House-Owning Senior Citizens "
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Question 1 of 10
1. Question
What is the primary objective of PNB Baghban – Scheme for House-Owning Senior Citizens?
Correct
The scheme addresses the financial needs of senior citizens owning self-occupied residential property so they can lead a decent life.
Incorrect
The scheme addresses the financial needs of senior citizens owning self-occupied residential property so they can lead a decent life.
Unattempted
The scheme addresses the financial needs of senior citizens owning self-occupied residential property so they can lead a decent life.
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Question 2 of 10
2. Question
What is the minimum age for eligibility under PNB Baghban?
Correct
The residential house/flat owner must be a resident of India and aged 60 years or above.
Incorrect
The residential house/flat owner must be a resident of India and aged 60 years or above.
Unattempted
The residential house/flat owner must be a resident of India and aged 60 years or above.
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Question 3 of 10
3. Question
In case of a joint account under PNB Baghban, what is the minimum age required for the other spouse?
Correct
For a joint account, one spouse must be at least 60 years old, while the other spouse must be at least 58 years old.
Incorrect
For a joint account, one spouse must be at least 60 years old, while the other spouse must be at least 58 years old.
Unattempted
For a joint account, one spouse must be at least 60 years old, while the other spouse must be at least 58 years old.
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Question 4 of 10
4. Question
In whose name should the residential house/flat be held for eligibility under PNB Baghban?
Correct
The residential house/flat should be in the single name of the borrower or jointly with the spouse, with clear title in the relevant name(s).
Incorrect
The residential house/flat should be in the single name of the borrower or jointly with the spouse, with clear title in the relevant name(s).
Unattempted
The residential house/flat should be in the single name of the borrower or jointly with the spouse, with clear title in the relevant name(s).
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Question 5 of 10
5. Question
What margin is to be maintained against the realizable value of the residential property under PNB Baghban?
Correct
The realizable value of the residential property is considered after maintaining a margin of 20%.
Incorrect
The realizable value of the residential property is considered after maintaining a margin of 20%.
Unattempted
The realizable value of the residential property is considered after maintaining a margin of 20%.
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Question 6 of 10
6. Question
What is the maximum qualifying amount of loan along with interest under PNB Baghban?
Correct
The maximum qualifying amount of loan along with interest is restricted to Rs. 100 lacs.
Incorrect
The maximum qualifying amount of loan along with interest is restricted to Rs. 100 lacs.
Unattempted
The maximum qualifying amount of loan along with interest is restricted to Rs. 100 lacs.
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Question 7 of 10
7. Question
For what purpose is lump-sum payment permitted under PNB Baghban, subject to the specified ceiling?
Correct
Lump-sum payment is permitted only for medical treatment of the senior citizen borrower, spouse and dependents, subject to a ceiling of Rs. 15 lacs.
Incorrect
Lump-sum payment is permitted only for medical treatment of the senior citizen borrower, spouse and dependents, subject to a ceiling of Rs. 15 lacs.
Unattempted
Lump-sum payment is permitted only for medical treatment of the senior citizen borrower, spouse and dependents, subject to a ceiling of Rs. 15 lacs.
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Question 8 of 10
8. Question
How are regular loan payments made under PNB Baghban?
Correct
The loan is extended through regular fixed monthly payments calculated on a Reverse Annuity basis during the loan period or until the death of the last surviving spouse, whichever is earlier.
Incorrect
The loan is extended through regular fixed monthly payments calculated on a Reverse Annuity basis during the loan period or until the death of the last surviving spouse, whichever is earlier.
Unattempted
The loan is extended through regular fixed monthly payments calculated on a Reverse Annuity basis during the loan period or until the death of the last surviving spouse, whichever is earlier.
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Question 9 of 10
9. Question
What security is required under PNB Baghban?
Correct
The security is an equitable mortgage of the residential property in favour of the Bank.
Incorrect
The security is an equitable mortgage of the residential property in favour of the Bank.
Unattempted
The security is an equitable mortgage of the residential property in favour of the Bank.
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Question 10 of 10
10. Question
When does the loan become due for recovery and payable after the death of the last surviving spouse?
Correct
The loan becomes due for recovery and payable six months after the death of the last surviving spouse.
Incorrect
The loan becomes due for recovery and payable six months after the death of the last surviving spouse.
Unattempted
The loan becomes due for recovery and payable six months after the death of the last surviving spouse.